EurJpy could drop back under 160
As explained in my JPY Index post, I expect a strong correction for JPY pairs (bullish JPY)
Also in EurJpy's case, it looks like we have a top and with the pair on interim support, we could expect break down.
I'm looking for a drop back under 160 for this pair and, in my opinion, rallies should be sold.
EurJpy back above 163.70 would negate this scenario
Also in EurJpy's case, it looks like we have a top and with the pair on interim support, we could expect break down.
I'm looking for a drop back under 160 for this pair and, in my opinion, rallies should be sold.
EurJpy back above 163.70 would negate this scenario
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